Anti-piracy firm MUSO secures £2.5m Series A
London-based content protection business will bolster its sales and marketing capabilities and invest in tech and operations
MUSO, a content protection and data insights business, has raised £2.5m Series A funding round from Harwell Capital.
Founded by music producer Andy Chatterley, Christopher Elkins and James Mason in 2009, London-based MUSO offers a suite of products and datasets on activity around piracy sites, to help rights-holders protect content, identify piracy and redirect audiences on “dark channels” to legitimate sources.
Rights-holders across music, film, television, software, and the publishing industries are enabled to make better decisions for content planning and distribution, and attempt to retrieve lost revenue.
The company – which also has offices in Los Angeles, Paris and Milan – claims to have tracked 191 billion global visits to websites hosting unlicensed content in 2016, covering more than 200 countries and everything from streaming to web-downloads, public & private torrents, and stream rippers.
The funding follows a £250,000 grant from the government’s Technology Strategy Board in 2013 and will be used to expand its sales and marketing capabilities and enhance its technology and operations infrastructure and support.
Chatterley, CEO of MUSO, said: “Harwell Capital is the perfect investor for us. The team has deep experience in backing revenue generating, scalable technology companies in a high-growth stage and so completely understands MUSO’s aims and ambitions.
“We have an exciting pipeline of business and Harwell’s investment and strategic advice will enable us to more quickly take advantage of the market opportunity.”
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Daniel O’Brien, managing director of Harwell Capital, added: “Through data, insights and monetisation, MUSO has built a world-class solution to piracy that has the potential to completely transform the way illegal content is dealt with. We look forward to joining the journey with MUSO.”